Established Restoration Business in a Great Location

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Established, Great Location, Motivated Seller
Asking Price:
$720,000

Gross Revenue:
$800,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This business services a $210 billion dollar recession-proof niche industry in one of the largest customer base in the country - the insurance property claims customers. This is an emergency service business providing services to insurance companies and property owners requiring fast restoration services from water damage, smoke and fire clean up.

We are experiencing dynamic growth and expansion in this immense market. No prior industry experience necessary. Expanded local market opportunities available. High-volume, low overhead industry with high profit margins.

About the Business

Location:
Portland, Maine
Number of Employees:
8
Facilities:
About $200k in equipment and vehicles
Growth & Expansion:
Big territory – the entire Portland market, which is very different then most franchises in the industry.
National relationships – Liberty Mutual and Allstate. We do a lot of businesses with Liberty Mutual.
TPA’s (Third Party Administrators) – Just signed up with Alactrity, Innovation Group and Nexxus. Alacrity handles State Farm and that will be huge moving forward. Have a relationship with CodeBlue and a regional insurance carrier MMG.
Relationship with Starbucks performing biohazard remediation for them a few times a month.
Excellent relationship with real estate agents in the area.
Assets are approximately $200k. Equipment and vehicles are primarily brand new.
2017 350XL Transit Van
2018 Chevy Box Truck
2015 Ford Box Truck
2016 Ford F250 XL Crew Cab
2017 12’ Enclosed Trailer
80+ Airmovers
12+ Dehumidifiers
Extraction Equipment
Dragon Mobile Furnace
Excellent reputation on Home Advisors which get a ton of mold leads.
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About the Sale

Reason For Selling:
Looking at another opportunity
Training/Support:
Yes

Listing Info

ID:
1634233
Ad Detail Views:
0

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Business Listed by

Eric Feingold

Eric Feingold

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U.S. Census Data for Cumberland County, ME
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Cumberland County, ME
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Source: American Community Survey (2010-2014), United States Census Bureau.

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